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Taiwan relaxes China panel investment restrictions

Posted: 10 Mar 2010 ?? ?Print Version ?Bookmark and Share

Keywords:Taiwan China investment? LCD? panel?

After evaluating the international competition, labor/employment, technological control and market distribution, Taiwan's Executive Yuan approved the liberalization of restrictions for panel and other industry investment in China.

At the same time, the government has also taken into consideration comparable investment in Taiwan (per portions invested in China) on the part of industry companies, as well as concerns for company management rights and capital rewards in China. The government's liberalization standards states that panel industry companies wishing to invest in China must undergo examination by the Key Technologies Review Team. Based on the request submitted, the said team will conduct substantive examinations on the companies' technological standing, equipment exportation, operational status, industry promotion potential, capital, employment profile and contributions to the domestic economy. The examination of employment profiles further emphasizes that companies cannot downsize its domestic workforce as a result of investing in China.

Concurrent to the liberalization of TFT-LCD panel industry investments in China, the government is asking industry companies to make prioritizing domestic production and investment a management mandate. The requirement that companies retain their domestic workforce as they invest in China will ensure job retention on the island, and the development of next-gen panel production, which will remain in Taiwan, will create many new jobs.

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